Walmart, Nestle to launch blockchain supply chain solution
Walmart, Nestle, Kroger and seven other major food companies have joined forces to create a blockchain-based supply chain solution. The companies are working together through Food Trust, a consortium formed to develop a solution that can reliably track food from the farm to the plate, according to a report by The Wall Street Journal.
The blockchain solution currently in development stores data related to 1 million items in approximately 50 food categories. In a test last year, Walmart was able to track a batch of mangoes from a Mexican orchard to a Walmart store within 2.2 seconds,
"You're capturing real-time data at every point, on every single food product," Frank Yiannas, vice president of food safety at Walmart, said in the report. "It's the equivalent of FedEx tracking for food."